Charting Brady's Latest Earnings Release
Brady (NYS: BRC) reported earnings on May 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q3), Brady missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share dropped.
Gross margin shrank, operating margin increased, and net margin contracted.
Brady logged revenue of $331.6 million. The six analysts polled by S&P Capital IQ wanted to see a top line of $342.1 million on the same basis. GAAP reported sales were 1.9% lower than the prior-year quarter's $337.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The seven earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. GAAP EPS of $0.52 for Q3 were 3.7% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.3%, 130 basis points worse than the prior-year quarter. Operating margin was 13.4%, 90 basis points better than the prior-year quarter. Net margin was 8.3%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $335.8 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $1.34 billion. The average EPS estimate is $2.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 89 members out of 95 rating the stock outperform, and six members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 21 give Brady a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brady is hold, with an average price target of $35.40.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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